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Okishio on the origin of profits: a Sraffian perspective

Author

Listed:
  • Heinz D. Kurz

    (University of Graz and Graz Schumpeter Centre)

  • Neri Salvadori

    (University of Pisa
    Accademia Nazionale Dei Lincei)

Abstract

In this paper we compare the explanations of profits put forward by Piero Sraffa (1960) and by Nobuo Okishio ([1967] 2022). The two authors may be said to be comrade-in-arms as regards their general outlook on the problem under consideration, with Sraffa following essentially in the footsteps of the classical authors from Adam Smith to David Ricardo and Okishio in those of Karl Marx. They are also united as regards their critical attitude towards alternative explanations of profits and especially of marginal productivity theory. However, there are also a few important differences between them.

Suggested Citation

  • Heinz D. Kurz & Neri Salvadori, 2025. "Okishio on the origin of profits: a Sraffian perspective," Evolutionary and Institutional Economics Review, Springer, vol. 22(1), pages 87-107, April.
    • Handle: RePEc:spr:eaiere:v:22:y:2025:i:1:d:10.1007_s40844-024-00293-z
    DOI: 10.1007/s40844-024-00293-z
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    References listed on IDEAS

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    1. Christian Gehrke & Heinz D. Kurz, 2018. "Sraffa’s Constructive and Interpretive Work, and Marx," Review of Political Economy, Taylor & Francis Journals, vol. 30(3), pages 428-442, July.
    2. Heinz Kurz & Neri Salvadori, 2005. "Representing the production and circulation of commodities in material terms: On Sraffa's objectivism," Review of Political Economy, Taylor & Francis Journals, vol. 17(3), pages 413-441.
    3. Harcourt,G. C. With contributions by-Name:Cohen,Avi J. With contributions by-Name:Mata,Tiago, 2022. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9781009158152, January.
    4. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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